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Are You Expecting This from Micrel?

By Seth Jayson - Updated Apr 10, 2017 at 1:44PM

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Checking expectations

Micrel (Nasdaq: MCRL) is expected to report Q1 earnings on April 25. Here's what Wall Street wants to see:

The 10-second takeaway
Comparing the upcoming quarter to the prior-year quarter, average analyst estimates predict Micrel's revenues will grow 0.6% and EPS will shrink -22.2%.

The average estimate for revenue is $61.5 million. On the bottom line, the average EPS estimate is $0.07.

Revenue details
Last quarter, Micrel booked revenue of $62.3 million. GAAP reported sales were 6.1% higher than the prior-year quarter's $58.8 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Last quarter, non-GAAP EPS came in at -$0.10. GAAP EPS were -$0.07 for Q4 against $0.08 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Recent performance
For the preceding quarter, gross margin was 50.3%, 20 basis points worse than the prior-year quarter. Operating margin was 6.3%, 300 basis points worse than the prior-year quarter. Net margin was -6.1%, much worse than the prior-year quarter.

Looking ahead

The full year's average estimate for revenue is $266.1 million. The average EPS estimate is $0.41.

Investor sentiment
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 112 members out of 119 rating the stock outperform, and seven members rating it underperform. Among 38 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 35 give Micrel a green thumbs-up, and three give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Micrel is buy, with an average price target of $15.50.

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